BUSINESS
May 20, 2012 | The Associated Press
EDITOR'S NOTE — Facebook began selling stock to the public Friday in the most talked-about market debut in years. The stock closed 23 cents above its initial offering price, at $38.23. Two Associated Press business writers debate whether the stock is a smart buy. PRESS THE 'LIKE' BUTTON, SOON By MICHAEL LIEDTKE AP Technology Writer SAN FRANCISCO — I doubted Mark Zuckerberg when I met him more than five years ago, shortly after he rebuffed several chances to sell Facebook for what was a fortune even then.
NEWS
May 20, 2012
PALO ALTO, Calif. — Facebook founder and CEO Mark Zuckerberg has updated his status to ‘‘married. " Zuckerberg and 27-year-old Priscilla Chan tied the knot at a small ceremony at his Palo Alto, Calif., home Saturday, capping a busy week for the couple. Zuckerberg took his company public in one of the most anticipated moves in Wall Street history Friday. And Chan graduated from medical school at the University of California, San Francisco, on Monday, the same day Zuckerberg turned 28. The couple met at Harvard and have been together for more than nine years.
BUSINESS
May 20, 2012 | Marcus Wohlsen, Associated Press
Facebook founder and CEO Mark Zuckerberg updated his status to "married" on Saturday. Zuckerberg and 27-year-old Priscilla Chan tied the knot at a small ceremony at his Palo Alto, Calif., home, capping a busy week for the couple, according to a guest authorized to speak for the couple. The person spoke only on the condition of anonymity. Zuckerberg took his company public in one of the most anticipated stock offerings in Wall Street history Friday. And Chan graduated from medical school at the University of California, San Francisco, on Monday, the same day Zuckerberg turned 28,...
BUSINESS
May 19, 2012 | Hiawatha Bray
Eight years after Facebook Inc. was born in a Harvard University dorm, the social network's stock defied the massive hype surrounding its debut as a public company Friday by hardly rising at all. Launched at an opening price of $38, Facebook shares climbed to $45 in early going on the Nasdaq Stock Market, only to fall quickly and end the day at $38.23, up just six-tenths of a percent. "I think it's a lackluster debut, but not really unexpected," said Josef Schuster, founder of IPOX Schuster LLC, a Chicago trading firm.
NEWS
May 18, 2012 | Michael Liedtke, AP Technology Writer
EDITOR'S NOTE — Facebook begins selling stock to the public Friday in the most talked-about market debut in years. Two Associated Press business writers are debating whether the stock is a smart buy. I doubted Mark Zuckerberg when I met him more than five years ago, shortly after he rebuffed several chances to sell Facebook for a small fortune. He seemed confident to the point of being cocky about his ability to turn what started as an online hangout for frisky college students into a digital commune for the entire world.
BUSINESS
May 18, 2012
After all the hype, Facebook's first day as a public company ended where it began. Its stock closed at $38.23, up 23 cents, after pricing Thursday night at $38 per share. After an anxiety-filled half-hour delay, its stock began trading on the Nasdaq Stock Market for the first time as investors were finally able to put a dollar value on the company that turned online social networking into a global cultural phenomenon. The stock opened at 11:32 a.m. at $42.05, but soon dipped to $38.01.